CBN to set up International Finance Centre in Eko Atlantic City

The Central Bank Governor, Godwin Emefiele, said that the apex bank establish an International Centre at the Eko Atlantic City for investors seeking to invest in critical sectors of the economy.

Emefiele disclosed this at the 56th Chartered of Bankers of Nigeria (CIBN) Annual Bankers Dinner, on Friday night in Lagos.

He noted that a key challenge to supporting growth in key sectors of our economy is access to large pools of cheap investment capital.

“Today over US$100 trillion is held by institutional investors in the Organisation for Economic Co-operation and Development (OECD) countries, of it invested in low-yielding assets relative to high-yielding opportunities in Nigeria.

“Working to tap into this pool of funds will require the set up of an investment framework that offers comfort and security to investors seeking to invest in critical sectors of our economy.

“In this regard, the is working to set up an International Center at the Eko Atlantic City in Lagos that will as a hub for attracting domestic and external capital which is to strengthen our post-COVI economy.

“The International Finance Center, when fully in the 2nd quarter of 2022, will help to position as a key destination for investment in Africa,’’ Emefiele said. (NAN)